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    5466 Pearl Rd Parma, OH 44129

    Sponsored
    For Sale
    Contact for pricing

    High-traffic 1.26-acre vacant lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.26-acre redevelopment opportunity is ideally situated at the bustling intersection of Pearl Road and Ridge Road in Parma, Ohio. Currently vacant, this storefront property is zoned Retail Business (RB), offering immense potential for a variety of commercial ventures. The site boasts an enviable location, surrounded by established businesses including Walgreens, KFC, Subway, and many more, ensuring high visibility and foot traffic. With a remarkable 40,201 vehicles passing daily at the intersection, this property guarantees significant exposure to potential customers. The strong demographics further enhance its appeal, with a population of 128,505 within a 3-mile radius and an average household income exceeding $84,084 within a 1-mile radius. This presents a unique chance to capitalize on a thriving commercial area in Cuyahoga County, Ohio, with a 44129 zip code. The property's absolute NNN lease type offers flexibility for future tenants. This is a rare chance to develop a retail space in a high-demand area with exceptional visibility and strong market fundamentals. Don't miss this opportunity to build your next successful venture.

    Property Features for 5466 Pearl Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    54,886 SF

    HighLights

    • Retail Business (RB) zoning.
    • Excellent retail location near Walgreens, KFC, Subway, and other national & local tenants.
    • High traffic count: 40,201 vehicles per day at Ridge & Pearl Roads.
    • Strong demographics: 128,505 residents within a 3‑mile radius.
    • High average household income: $84,084 within a 1‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop Outta Gas Electric Motor Store NRP Construction Roofing Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7354744
    Latitude
    41.4126741

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic 1.26-acre vacant lot, prime location.
    Where is this individual retail property located?
    The property is located at 5466 Pearl Rd Parma, OH.
    What are key features of this property?
    This property features: Retail Business (RB) zoning.; Excellent retail location near Walgreens, KFC, Subway, and other national & local tenants.; High traffic count: 40,201 vehicles per day at Ridge & Pearl Roads.
    Request Owner's contact information
    5466 Pearl Rd Parma, OH 44129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5466 Pearl Rd Parma, OH 44129
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